Torq Resources Extends C$ 2.8 Million Loan From 191010 Investments to March 2027

Bitget2026/10/20 18:11

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Torq Resources extended its CAD 2.8 million loan from 191010 Investments to March 16, 2027, from July 11, 2026.
The lender will receive 56,000,000 share purchase warrants, each exercisable for one common share at $0.05 until September 16, 2027.
Warrant exercises cannot increase the lender's ownership above 9.99% without company approval.
Ownership exceeding 19.99% would require TSXV and shareholder approval if the company waives the blocker.
The warrants are subject to reduction on 10 days' notice if the loan is prepaid before March 16, 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Torq Resources Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610201410ACCESSWRNAPR_____1239084) on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Torq Resources Extends C$ 2.8 Million Loan From 191010 Investments to March 2027

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